XDC Governance Token for DAOFIN

[0xbeny]

Based on the current implementation of DAOFIN, the People's House Committee must provide a certain amount of XDC tokens to join this committee.
Due to the limitation of the XDC native token functionalities. you can only send and receive tokens from A to B accounts, We can leverage functionality by using an ERC20 Governance Token by OpenZeppelin

This Token acts as a wrapped token and it's 1:1 ratio with XDC native token.

Here you can find a simple diagram to demonstrate the flow:

Advantages:

• Opens the gate to incentivize house members by providing staking, earning points, referral programs, etc.
• Approaches regulation bodies to give DAO/DLT Licence
• Duplicates the DAOFIN architecture for other ecosystem partners to get the license done, since all the setup is configurable.

Disadvantages:

• Master Node Senate and Judiciary Communities can not take benefit of this governance tokens.

Risks:

• People may create any trading pairs including at least the mentioned governance token on one side in DEXes to imbalance the the ratio.

Would like to open the floor here to make it more collaborative for this thread.